How to buy the cheapest legal exchange rate?


The MEP dollar, also known as the “stock market dollar”, is one of the ways to legally purchase US currency.

The MEP dollaralso known as “stock market dollar”, is one of the forms of legally buy US currency. This Tuesday, the financial dollars are very volatile after registration historic highs.

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The process of acquiring the MEP dollar consists of purchasing a bonuses in pesos and, after acquiring it, his own sale in dollars. In this way, the exchange rate It is calculated by dividing the price in pesos and the price in dollars.

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In turn, the financial intermediaries through which the dollar MEP They charge a commission of between 1% and 2% total between the purchase and sale of goods. The most chosen titles they are the ones who do it AL30 and GD30thanks to its liquidity on the market.

Furthermore, the latest development in the operation of this type of exchange has been implemented through the communication “A” 7933 of the Central Bank (BCRA), where the monetary entity determined it the rule no longer applies What Savers required transfer once a month dollars purchased from a stock broker.

Step by step to buy MEP dollar or stock market dollar

To buy MEP dollar or stock dollar, you need to follow the following steps:

  • Open an account with a local broker: To get the dollar into the stock market you need to open an investment account in a stock exchange company or a local broker. To operate it is necessary to open an account with one of the intermediary companies, free and remotely. To do this, you need to fill out a few simple forms and verify your identity.
  • Deposit funds: once the investment account has been opened, it is necessary to deposit the sum of money that the person wants to exchange from a bank account of the same owner. Before trading, you need to have the CBU of your dollar bank account enabled to deposit money there.
  • Buy the GD30 or AL30 voucher: To acquire the MEP dollar you must purchase an asset exchanged in pesos and US currency with immediate cash settlement (IC). For this, most investors use the GD30 bond because it has a high trading volume and its price is more stable.
  • Wait one business day with the asset in your wallet: The interested party must carry out a parking business day, which consists of a waiting time established by the National Securities Commission (CNV) that the person must travel for the money to actually be available in the account.
  • Sell ​​dollar bonds: Once the parking period has passed, the person can sell the goods. To do this, you need to select the “Instant Cash” option called AL30D/GD30D. There you need to determine the number of bonds you want to sell and choose the market price. Once the transaction is completed, the liquid dollars will be available on the broker’s platform ready to be transferred to your bank account.
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MEP dollar: until what time can it be bought

The hours for carrying out operations are from 11:00 to 17:00.

What is the MEP dollar?

The MEP dollar or stock market dollar is a stock market operation that arises from the purchase of some bonds in pesos, which allow them to be sold in the North American currency.

By having it in the customer’s account one day, as required by regulation, people can sell and liquidate it locally. For example, anyone with money in the financial system buys the bond from you. Starting with pesos, you have dollars, which can be transferred to your bank account and available to use as you wish.

What is the difference with the blue dollar

In short, the blue dollar is an informal black market. These are transactions between private individuals outside the official market, of undeclared banknotes.

Requirements to purchase the MEP dollar

  • Have not purchased a dollar of savings in the last 90 days and pledge not to purchase it in the next 90 days.
  • Not be a beneficiary of social programs or assistance.
  • Do not be a co-owner of a bank account: only one person per account can purchase the MEP dollar.
  • You do not currently have a card refinancing plan or peso loans.
  • Not having benefited from the freeze on UVA mortgage payments until July 2022.
  • They declared the income to carry out the operation.
  • Remove yourself from subsidies for public services.

MEP dollar: in which apps you can buy it

To purchase this type of exchange it is possible to use applications such as Balanz, Uala, Capital of Cocosamong others that allow you to do it with one click.

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2024-01-09 16:54:00
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